Telia sells its stake in Eircom

Not for distribution into the United States, Canada, Australia or Japan Telia sells its stake in Eircom Telia has decided to sell its 14 percent stake in the Irish telecommunications company Eircom. The decision was taken by Telias board of directors. The time for the divestment has not been decided. For further information please contact: Telias Press Office, tel: +46 8 713 58 30 Telia is the leading supplier of telecom-based information services in the Nordic/Baltic region. At the same time, "seamless" pan-European and global services are being realized through powerful alliances and partnerships in Europe and around the world. Annual turnover 1999 reached 52 121 MSEK and the number of employees amounted to approx. 30 600. The information contained herein is not for publication or distribution in or into the United States of America, Canada, Australia or Japan. This press release does not constitute an offer of securities for sale in the United States; the securities may not be offered or sold in the United States absent registration or an exemption from registration; and any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or selling share holder and that will contain detailed information about the company and management, as well as financial statements. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/03/29/20000329BIT01270/bit0001.doc http://www.bit.se/bitonline/2000/03/29/20000329BIT01270/bit0002.pdf